P Wilson & Company says ..

Property Oracle says ..

Spout Fold Farm presents a unique opportunity in the Over Hulton area of Bolton. The listing is for a 20.55-acre parcel of land containing derelict farm buildings. The site’s attractiveness lies in its substantial land size and potential for redevelopment. Planning permission is implied by the architectural drawings included in the property details, and this is a major factor to consider. The potential for developing either new builds or converting existing buildings into multiple residential properties could yield significant returns. However, the significant costs associated with renovating or demolishing the existing structures and undertaking new builds shouldn’t be overlooked. The lack of existing habitable structures means the property lacks basic amenities such as bedrooms and bathrooms, which is reflected in the listing details. The proximity to several well-regarded primary schools may appeal to families. The location is rural and has limited immediate amenities, but the M61 motorway provides access to the wider Greater Manchester region. The listed price is likely dependent on the land value and potential future development, rather than the existing property condition.

Therefore, we give this property 6 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

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